Weiss Ratings has issued its first-ever financial strength ratings of credit unions. With more than 20 years of experience analyzing and publishing ratings of banks and insurance companies, Weiss has applied the same independent methodology to more than 7,500 credit unions.

Weiss Ratings’ proprietary model uses more rigorous standards than other rating agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand severe economic adversity. For this reason, a company receiving the highest financial strength rating truly demonstrates itself to be among the industry’s elite.

“Dover-Phila Federal Credit Union has received a financial strength rating of ‘A’ or ‘Excellent’ from Weiss Ratings,” said David Andreatta, president and CEO of Dover-Phila Federal Credit Union.

This rating recognizes Dover-Phila Federal Credit Union as an outstanding credit union offering excellent financial stability for its members, vendors, and employees. Andreatta also added that fewer than two percent of the nation’s credit unions meet Weiss Ratings’ criteria for exceptional financial strength, making this distinction truly one to be proud.

Dover-Phila Federal Credit Union is a $317 million credit union serving members who live, work, attend church or school in Tuscarawas County. The credit union was formed in 1953.